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Point Loma Manor Apartments 2777 Nimitz Blvd 35 Unit Apartment Building $16,700,000 ($477,143/Unit) 4.21% Cap Rate San Diego, CA 92106



Executive Summary
The property was built in 1961 and recently underwent a significant renovation in 2022. Exterior improvements include new roofs, new stucco, new
railings, new waterproofing of all decks, new double pane windows and security cameras throughout common areas and street. Mechanical improvements include
100% replacement of plumbing, both waste and supply from meters, electrical from meters, all underground gas lines from meters to buildings, fire alarm system to 3
story building (alarm only) and low voltage wiring from street, including coax, telephone and fiber. Interior improvements include new appliances, quartz countertops,
new solid wood shaker cabinetry, recessed lighting, ceiling fans and high-end flooring. The on-site laundry room has also been updated with new machines with smart
phone payment capabilities.
railings, new waterproofing of all decks, new double pane windows and security cameras throughout common areas and street. Mechanical improvements include
100% replacement of plumbing, both waste and supply from meters, electrical from meters, all underground gas lines from meters to buildings, fire alarm system to 3
story building (alarm only) and low voltage wiring from street, including coax, telephone and fiber. Interior improvements include new appliances, quartz countertops,
new solid wood shaker cabinetry, recessed lighting, ceiling fans and high-end flooring. The on-site laundry room has also been updated with new machines with smart
phone payment capabilities.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
Unit Amenities
- Balcony
- Cable Ready
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 34 | - | 530 - 620 |
| 3+2 | 1 | - | 1,500 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 530-763-01 | Improvements Assessment | $2,317,885 |
| Land Assessment | $2,832,972 | Total Assessment | $5,150,857 |
Property Taxes
Parcel Number
530-763-01
Land Assessment
$2,832,972
Improvements Assessment
$2,317,885
Total Assessment
$5,150,857
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Point Loma Manor Apartments | 2777 Nimitz Blvd
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